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we have noticed here is the biggest financial names and the citigroups and the bank of americas and the goldman sachs are exhibiting the usual post earnings dip. we have seen a big move up going into last week and now weak the last several days partly due to goldman and partly due to financial reform and a lot of uncertainty. however, if you look at the financials, things are holding up until today. the regional banks, the big names have been sitting at 52-week highs until today when this is the first real day we are seeing the modest weak innocence all of the big names you see here. again, they have been trading on a simple idea of improving credit and fewer big losses on commercial real estate. speaking of commercial real estate, reits are hitting new highs. whether you are looking at vor n nado or boston properties or equity residential or macerich, and remember, there are several companies vying for control of the simon property group is there as well as some others vying for control of the company. we have seen excellent moving in the space overall. elsewhere tomorrow, we w
is capital equipment purchases, the retooling of america is what is going to drive the recovery. >> well, the retooling of america also takes time though, and that is a long-term job creation story, retooling. so what about the high sovereign debt toll in europe, and we will get the release from the federal budget for march coming out on monday, and more stories about debt, and obviously, hitting the tipping point where people are worried about the deficit. is that going to be an issue for the markets? what about sovereign debt? >> maria, if i can jump in on this, sovereign debt when it comes to the u.s. is the last place to worry about. tax receipts in fiscal 2009 fell 30%, and there is evidence that the tax receipts are growing at the state level, and 15 of the largest states in the country are seeing income tax receipts above expectations which means that the federal tax receipts are likely higher. i don't think that we have a debt problem, but there is a sovereign debt problem in europe that needs to be taken care of so it does not produce a contagion, but if it were that big of deal
season and should you buy shares of bank of america, ahead of the earnings report tomorrow? we have more on that coming up. >>> and also, byron weem says that the interim treasury yields are going much higher and let's not forget his surprises. we will have more on that. >>> and the google numbers will be broken down at the top of the the hour and we will give you investor reaction to it. stay with us. >>> all right. we are looking at a market that is deteriorating from the highs. the s&p 500 just turned negative and we have 25 minutes before the closing bell sounds. and the dow has given up a earlier rally and struggling to stay positive here as you can see from the chart. some of the banking stocks have rolled over. for example, bank of america is negative right now, and itas higher earlier. and jpmorgan and citigroup and american express, they, of course, are dow components. goldman sachs, also, negative right here. and nasdaq is also higher, but it, too, well off of the highs of the afternoon and we are waiting for google earnings, and that stock is off by .33%. that is showing a lev
international, and going to accelerate the growth of the company beyond north america. >> i want to ask you about the international story, because i know it is a good one. but are you saying that the traffic returned to the stores, and so that the earnings are coming out better than expected was not necessarily due to cost cutting, but end-market demand, is that what i hear you saying or still largely due to cost cuts? sgl >> well, it is not largely due to cost cutting, but we took out $600 millions of cost cuts, and getting leverage from the p&l, but the real story is comp store sales at 7%, and 3% traffic, and i think that given the headwinds of the economy and all of the things that other people are dealing with, the fact that starbucks has demonstrated such resiliency really does show the power of the brand, and then the other thing is that we demonstrated such value with the starbucks card, and the loyalty program, and we got a big boost from the new product i introduced on the floor with you which is starbucks via. >> yes, we talked about that when you introduced it, and i know it is
interesting, you want the growth there is justified. is it? >> yeah. what you're finding here is in america, we're finding the dow jones industrial average and all the other indices up here are shooting up, because everyone is hoping earnings will grown. in asia, you're not hoping. earnings are actually there. gdp growth in 2011 is unquestionable. >> some people speculate there could be bubbles over there, and certainly the developing world has -- emerging markets have outpaced the developing worlds in terms of coming out of this malaise we've been in. what in fact happens if this is a bubble there. >> now moving from a credit-driven binge to the good, old-passed ways, which is toward expansion, supply-driven growth that is exporting related and fueled by savings. that's what you're finding. trades, surpluses, you've got even japan coming back with industrial growth of 31.3%. >> you're talking about a shift as well in the populations of these nations in terms of the rise of the middle class. is that what you're looking at? >> upwards and some commentators would say a billion new consumers,
, and 250,000 barrels per day for north america and asia as well, and this will have a significant impact in the short term, and not year over year, but right now, it is impacting prices. >> and bob, the guidance as well, because going forward, scott, and pardon me, in terms of the expectations for the next quarter, you have to believe that this is topic a in terms of the analysts and investors on the calls for the earnings in the airline sector. >> yeah, definitely is. i think that the problem is this, just like this drop in jet fuel prices that sharon is talking about, it is hard to quantify the impact, because if this ends tomorrow, it will be a minor blip just like the storms minor blip for the retailers, but if it goes on for another week or two weeks, it is going to be a serious problem, but it is hard to quantify. >> what this whole thing underscores is how fragile the airline business is, whether it is talking about the weather or the volcano, it is not going to take much to throw this whole business into the tizzy and you watch the stock prices react to it. the whole reason that
look at strategic financials and stay away from some of to banks. when you look at bank of america, and jpmorgans and even goldman sachs right now, i think that they may be, the right opportunity to put some money into those areas. >> well, let me ask you about, that because the fear is of course that it may not be just goldman who is going to be hit with this, but you could have other institutions as well, and consequently, they are all trading off. you see this though as a buying opportunity? explain? >> well, no question, trish. this is a company one quarter ago reported $9.5 billion in net revenue and now earnings coming out tuesday and no question that goldman should report in the eight-digit range. so if i were a buyer and looking at the recent history right now and the stocks in the quarterly earning patterns, i am saying that goldman is a great opportunity if they can be wiped out on the earning numbers. >> it is bob pisani, and i want to know about the whole fear factor in the market, because outside of financials and the material stocks and commodities down, this is not a
defaults whether it was latin america in the 1980s or mexico at that time in 1982, whether we had asian countries currency and russia, and the big debt repercussions. >> but that is russia and latin, and we are talking about europe, our equivalent here. >> but not the economic equivalent, and we will -- >> they are not latin america. >> well, go back to look at 1982 when all of the latin american countries had u.s. banks on the hook for extraordinary sums of money as russia had the country on the hook in the '80s. >> well, we got out of it with brady bonds. >> well, there are characteristics going back to the 1600s and ron, you are a student and you know that spain was a serial defalter for hundreds of years and spain defaulted on the sovereign debt, and ron knows that. so your point is well taken and spin it forward. are we more interconnected ron than we were in the 1700s and 1800s when spain defaulted? >> no, when you go back to read the history, you will find that whatever the world was at any given point in time, they were extraordinarily interconnected, so there was always contagi
% unemployment or underemployment in america, presumably it can rally to that if a few banks are getting hit over in europe, and there is a little bit of unrest as they cut the size of the sector. >> i agree with scott's point about the earnings situation, and in the meantime, earnings is made in the canyons this week. the canyon when the dow dropped, and we are on the verge of making it back and 20 points from the close friday. so i am with him on the idea of the earnings front, but the issue here is going to be until we really see the recovery go mainstream, and hit the front pages, it is going to be a little tougher to get the markets notably moving forward here, but next week, next friday when the jobs are coming out, maybe 300,000 or 400,000 gains for three or four months then definitely moves to get the recovery on the front page. >> and can you come in on what the bond market is saying about the jobs situation and the general recovery? >> well, you know, it is -- >> rick santelli? >> well, it is difficult to make a statement there because of the good news of the stocks performing or good n
, because essentially, part of what has made america so successful is our ability if we have a dream, and we want to go get financing for the next apple computer otr nr the next ipod oe next invention out there, we are able to go get investors to finance our dream, and make it happen. so we have to have a thriving and effective financial sector. >> so it is god's work? >> well, it is very important work. we also have to have basic rules of the road in place to ensure that investors, consumers, shareholders, the economy as a whole, are protected against excess, protected against wild gambles that are taken purely because it is good for somebody's year-end bonus as opposed to because there is some economic function that actually contributes to society as a whole. i think that throughout our history, there have been times where the financial sector swung way out of balance, and this is part of what happened back in the 1930s and 1929 after the crash, and fdr came in place and said, we are going to set up some rules so that we don't have bank runs, and there is not wild speculation. we have gott
the diversified financials which is the citis and the jpmorgans and the bank of americas, that goes to 900%, so that the big diversified banks are a huge, huge drag on the financials. you look at discretionary, and that is the third best performer with 100-plus percent earnings growth, and back out one stock, ford, and you will go from 114 to 46%. huge earnings expeck igs tas. earnings are subpar and earnings good relative to expectations. >> all right, guys. >> don't lose sight of that. >> great conversation, and we appreciate that. later on i want to get into the volatility hitting a three-year low today and if that is something we should be focussed on, but we will hit on that with the traders, and we have money managers coming in to weigh on that. 50 minutes until the closing bell sounds today. the dow is pushing past that 11,000 mark and the blue chip index is up 68% since the lowest of march '09 and does this rally have legs from here? >> and at the earnings season again, and will alcoa report lows here? and you have real volume impacting some of the names. and ambac financial is not usua
the world, and specifically in latin america here and you can see the bollsa and the colombo all of the way down to all-new highs, and the vespa and the tel aviv 25, and this global breadth that many are participating in the move and still upside, and so despite the corrective risk the trajectory is to topside. >> so a short term correction and the trend will still go higher, you are saying? >> well, overdue for a correction, but don't confuse the short strokes with a q $2 trajectory for home equities. >> what about the home builders having a nice run as of late up 5% or so this month alone and where does that fell you about the near term of the direction of the market is and where risk is right now? >> well, the home builders like banking have been one of the epicenters from the problem of the credit crisis, so they are not outperforming, but stabilizing, and turning higher. when we see the markets turning, what we start to see is within the home builders a mammoth base seems to have formed which in this environment is that home builders are returning to the topside which is a good sign fo
. pretty good day. and bank of america is essentially a 52-week high as well, and jpmorgan and goldman sachs all strong here and you are looking at the financials of course. and wildly held, g.e. our parent company is holding onto the essentially sitting at a 52-week high and not quibbling about a few cents. and pfizer and at&t and verizon also to the upside. maria? >> well, as president obama's health care reform is rolled out, it will have an impact on the medical device business and 2% to 3% tax going into effect in 2013 aimed at raising $23 billion, and until now the industry has been quiet about it, but we are speaking to one of the loaders in the industry. as a disclosure mike huckman is with bill hawkins, one of the first executives to publicly talk about the health care plan and he is in new york today for an investor meeting. mike, i handle it over to you. >> good evening, maria. some analysts believe that the medical industry tax could force these industries to lay off people and cut the research and development budgets and hence stifle innovation, and joining me is mr. bill
this before, because we went through wit latin america in the '70s and russia in the 1990s, and this has the potential, bob, to create a contagion that goes immediately to portugal, italy, ireland and spain, and then it is going to become more menacing, but for the u.s., it is a net positive, because again, we are on a relative basis looking better than anybody else, so the fallout may not be as substantial here as some people would otherwise suggest. >> a european union turned the market around yesterday by clearly stating that portugal and spain are not greece, and they won't have the same problems, ron. is that an accurate statement? >> well, it is for now. this is the type of thing that -- bob, we have been through these things before where the weakest ones go first and the larger ones go last. clearly, they are hitting portugal's debt, and you know, the cds values on portugal's debt are increasing as people are growing more and more worried about their fiscal situation, and it is likely going to spread to ireland and italy because they have a large deficit of gdp as well and ireland
the head of pri-america. >>> hoshd e but positions your portfolio for the second quarter? chief investment strategist david dars is is in the house. national car rental knows i'm picky. so, at national, i go right past the counter... and you get to choose any car in the aisle. choose any car? you cannot be serious! okay. seriously, you choose. go national. go like a pro. >>> we go to the wildly hell, shall we? really mentioned, but the dow is up 37 points. mixed market within the widely held. on the up side except for goldman sacks. drug stocks under some selling pressure. the oils dor well as oil prices are now above $85 a barrel on the new contract. what better time than heading into the long weekend to put together a win the investment strategy for the month and for the quarter ahead. with me right now, the best out there, david dar is. david, always great to have you on the program. >> thanks for having me. i wish you a wonderful holiday, you and your family. >> thank you very much. happy easter to all. let me ask you about the second quarter. do you see anything happening in the secon
. >> okay, jane wells, thank you very, very much. >>> tonight on "the kudlow report," taxing america. larry's going to talk about economic growth solutions with nobel prize winner robert mundell. it should be a very, very interesting show. it's all happening tonight at 7:00 p.m. eastern. >>> okay, we've got a market that's really fighting back here. dow up 27 points. nasdaq trading higher as well. all ahead of that key intel number. coming up after the bell. >> be looking forward for that, are for sure. >>> still ahead on the "closing bell" twitter unveiling its business model. the company coo tells us how it will generate a profit and when we could expect an ipo, if ever. >>> plus, correction concern, one most reliable intermediate term technical indicators is putting out a sell signal. so it time to take prchts off the table and later dell is will report its first quarter earnings. we'll bring you that instant analysis to that and always critical numbers. >>> okay here we are just about 30 minutes left until the closing bell. take a look at how the markets are shaping up. right here, you
Search Results 0 to 15 of about 16